Norwegian Cruise Line Holdings Ltd (NCLH)
Return on equity (ROE)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 166,178 | -209,817 | -851,079 | -1,446,516 | -2,269,909 | -3,360,149 | -3,910,640 | -4,119,108 | -4,506,584 | -3,672,797 | -3,504,278 | -3,501,732 | -4,012,512 | -3,152,282 | -2,024,332 | -1,068,899 | 930,228 | 963,565 | 983,359 | 969,845 |
| Total stockholders’ equity | US$ in thousands | 300,807 | 438,688 | 15,221 | -99,548 | 68,591 | 399,783 | 901,815 | 1,507,600 | 2,432,650 | 2,883,240 | 3,719,250 | 4,377,260 | 4,354,100 | 4,087,770 | 4,337,020 | 4,374,650 | 6,515,580 | 6,273,420 | 6,150,340 | 5,905,300 |
| ROE | 55.24% | -47.83% | -5,591.48% | — | -3,309.34% | -840.49% | -433.64% | -273.22% | -185.25% | -127.38% | -94.22% | -80.00% | -92.15% | -77.11% | -46.68% | -24.43% | 14.28% | 15.36% | 15.99% | 16.42% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $166,178K ÷ $300,807K
= 55.24%
Norwegian Cruise Line Holdings Ltd exhibited a mixed performance in terms of return on equity (ROE) over the past eight quarters. In Q4 2023, the ROE stood at a strong 55.24%, indicating the company's ability to generate profits relative to shareholders' equity. However, this positive trend was followed by a significant decline in Q3 2023, where the ROE plummeted to -47.83%, reflecting a decrease in profitability or an imbalance in the relationship between net income and shareholders' equity.
The second quarter of 2023 saw an alarming ROE of -5,591.48%, which may be attributed to extraordinary losses or write-offs that heavily impacted the company's profitability. The lack of a recorded value for Q1 2023 makes it difficult to assess the potential trends in ROE during that period.
Looking back at Q4 2022 and Q3 2022, Norwegian Cruise Line Holdings Ltd experienced similarly negative ROE figures, with values of -3,309.34% and -840.49%, respectively. These results suggest ongoing challenges or inefficiencies within the company's operations or financial structure.
Q2 2022 and Q1 2022 also displayed unfavorable ROE metrics, with values of -433.64% and -273.22% respectively, indicating a prolonged period of below-par profitability relative to equity. Overall, the fluctuating and predominantly negative ROE figures signal potential issues in generating returns for shareholders and warrant further investigation into the company's financial performance and strategies.
Peer comparison
Dec 31, 2023